P/E ratio for First Merchants Corporation (FRME)
P/E ratio as of April 2024 (TTM): 8.13
According to First Merchants Corporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.12736. At the end of 2022 the company had a P/E ratio of 10.7.
P/E ratio history for First Merchants Corporation from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.7 | -2.12% |
| 2021 | 11.0 | -19.39% |
| 2020 | 13.6 | 4.67% |
| 2019 | 13.0 | 22.5% |
| 2018 | 10.6 | -46.27% |
| 2017 | 19.7 | 4.37% |
| 2016 | 18.9 | 28.76% |
| 2015 | 14.7 | 7.22% |
| 2014 | 13.7 | -14.34% |
| 2013 | 16.0 | 52.02% |
| 2012 | 10.5 | -57.75% |
| 2011 | 24.9 | 34.96% |
| 2010 | 18.5 | -774.32% |
| 2009 | -2.74 | -114.17% |
| 2008 | 19.3 | 52.98% |
| 2007 | 12.6 | -24.32% |
| 2006 | 16.7 | 5.22% |
| 2005 | 15.9 | -10.93% |
| 2004 | 17.8 | 5.36% |
| 2003 | 16.9 | 33.04% |
| 2002 | 12.7 | -5.07% |
| 2001 | 13.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Old National Bank
ONB | 7.66 | -5.79% | 🇺🇸 USA |
 Lakeland Financial Corp LKFN | 17.0 | 109.66% | 🇺🇸 USA |
 German American Bancorp GABC | 10.4 | 27.73% | 🇺🇸 USA |
 First Financial THFF | 6.84 | -15.83% | 🇺🇸 USA |
 1st Source
SRCE | 9.99 | 22.90% | 🇺🇸 USA |
 Horizon Bancorp HBNC | 6.93 | -14.73% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.